Billing and Financial Aid Kathy Shoemaker Bursar Chris George Director of Financial Aid

Agenda The role of the Bursar and Financial Aid offices Student Billing, Payments, & Refunds Health insurance waivers Funding Options Special Circumstances Communications

Roles Bursar’s Office Student Billing Payment Plans Perkins Loans Health Insurance Waiver Financial Aid Office Process Aid Applications Award Scholarships, Grants, Loans, Work Study Send Award Letter Academic Units Assist in the selection of departmental scholarships

Billing The University of Denver is paperless ecoBills are sent to the student’s preferred address An additional address may be designated to receive the ecoBill Password protected Default password consists of the last 4 digits of your students DU ID# and all four digits of their birth year Password can be changed Changes to ecoBill setup are done through webCentral

Billing – New Students ecoBills are generated after registration s are sent Sept. 7 th Bill is due Sept. 28 th ecoBills are ed approximately 4 weeks prior to the beginning of each term Also available to view on webCentral

ecoBill Sign into webCentral Select the Student tab Locate the My Statement section in the center of the page Select ecoBill Account Management Follow the instructions to select new password or adding an address Once complete, submit to save changes

ecoBill What is included? Tuition Technology Fee Activity Fee Room & Board Charges Parking Charges Health Insurance Health & Counseling Fee Disbursed or anticipated financial aid Payments

Disbursement Financial Aid pays directly to the student’s bill 10 days prior to the start of term Must be registered with no outstanding financial aid requirements Full-time status is often required (12 credit hours) Federal Direct loans have an origination fee that we are required to collect at disbursement

Payments Payment is due ten days prior to the start of the term Fall - September 28 th Winter – December 28 th Spring – March 15 th Late fees of 1.5%, minimum of $150 may be assessed to accounts which are not paid in full by the due date Additional late payment fees are assessed monthly until account is paid in full

Payments Accepted at Cashier’s Office (1 st floor of University Hall) Cash Personal Check Money Orders Cashier’s Checks Electronic Payments ACH Payments through Online Payment link Wire Transfer Options available on the Bursar’s website

Payment Plans Full Year (9 payments) August - April 2-Term (6 payments) Aug-Jan, Nov-Apr 1-Term (3 payments) Aug-Oct, Nov-Jan, Feb-Apr Summer: May-July $50 enrollment fee Payment due the first of the month Consider the 6 month payment November - April

Refunds Refund: Financial aid in excess of charges on student bill Issued 2 business days after the disbursement of financial aid Fall – September 11 Winter – January 1 Spring – March 19 Refunds due to adjustments of tuition related charges are run nightly after initial disbursement

Additional Funding Options Parent PLUS Loans Federal loans available to credit worthy parents of undergraduate students Repayment of principle and interest begins 60 days after disbursement, can be postponed 7.9% fixed interest rate Private student loans Credit-based consumer loan to pay for educational expenses Terms and interest rates vary Payments may be postponed

Scholarships NEW Scholarship Search section on the Financial Aid website Now would be the time to start looking for next year Organizations that send information directly to our office Departmental scholarships that require applications (available in January) Private scholarships search engines CollegeinColorado.org Fastweb.com Scholarships.com

Private Scholarships Private scholarship reduce the financial need of the student Adjustments to financial aid may need to occur in some instances How we reduce funding if required Loans Work Study DU Educational Grant Where to send private scholarship checks? Include student name and ID Office of Financial Aid University of Denver 2197 S. University Blvd. Denver, CO

Work Study Decreasing funding from both state and federal government University is making up a portion of the loss with its own funding Funding isn’t available to all students who qualify Student Employment (within the Office of Financial Aid) Work Study hiring fair on Saturday Jobs posted online Students get to seek out jobs, rather than assigned locations Student are paid bi-weekly through payroll, not the student account

Non-Work Study Opportunities Over 100 opportunities on the Student Employment website ( Sodexho (Dining Services) Cashiers, Baristas, Catering Staff, etc DU Call Center (fundraising) Nannies/Babysitting Medical receptionist Sales assistant for an online outdoor recreational equipment business, Hostess and wait staff at restaurants Fitness instructors

Special Circumstances We understand that special circumstances occur that may impact a student’s financial aid eligibility. Examples of “Special Circumstances” Loss of employment or reduction in wages Excessive medical or dental expenses not covered by insurance Bankruptcy or foreclosure Divorce or separation of parents Loss of child support Contact an advisor in Financial Aid

Financial Aid Eligibility Enrolled in 12 credits hours for most financial aid to pay Maintain a 2.0 cumulative GPA (2.5 for accounting majors) Complete and pass a minimum of 80% of all courses attempted Additional requirements exist for gift, endowed, and private scholarships. They vary by department or donor

Looking ahead Apply for financial aid annually CSS PROFILE available in October 1 st, 2012 FAFSA available on January 1 st, 2013 March 15, 2013 is the priority deadline for returning students. Requests for additional documentation are ed directly to the student and available on webCentral Financial aid awards for continuing students are ed at the end of May

Questions? Office Hours: 8 am to 4:30 pm Bursar’s Office 2197 S. University Blvd Denver, CO Office of Financial Aid 2197 S. University Blvd Denver, CO